Ambuja Cements joins AFID as first cement company
Cement

Ambuja Cements joins AFID as first cement company

Ambuja Cements, part of the Adani Group, has become the first cement manufacturer globally to join the Alliance for Industry Decarbonization (AFID), a platform aimed at accelerating decarbonization efforts across industries. The alliance focuses on facilitating knowledge exchange among public and private stakeholders in energy-intensive sectors.

In its commitment to sustainability, Ambuja Cements aims to achieve Net Zero by 2050, with targets validated by the Science Based Targets initiative (SBTi). The company plans to invest ?100 billion in renewable energy projects, targeting a capacity of 1GW and 376 MW from Waste Heat Recovery Systems (WHRS). This initiative is expected to enable 60% of its expanded capacity to run on green power by FY2028.

Ambuja Cements has already utilized over 8.6 million tonnes of waste-derived resources and achieved a status of 11x water-positive and 8x plastic-negative in FY24.

Karan Adani, Non-Executive Director of Ambuja Cements, stated, “This marks a significant step in our sustainability journey. We are among the lowest emission-intensity cement producers globally and are implementing strategic initiatives to further reduce our GHG emissions. Joining AFID will allow us to leverage the experiences of industry peers and share our decarbonization approach.”

The AFID aims to foster dialogue and enhance cooperation among companies to develop effective decarbonization strategies aligned with national commitments. The International Renewable Energy Agency (IRENA) oversees the alliance's activities.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Ambuja Cements, part of the Adani Group, has become the first cement manufacturer globally to join the Alliance for Industry Decarbonization (AFID), a platform aimed at accelerating decarbonization efforts across industries. The alliance focuses on facilitating knowledge exchange among public and private stakeholders in energy-intensive sectors. In its commitment to sustainability, Ambuja Cements aims to achieve Net Zero by 2050, with targets validated by the Science Based Targets initiative (SBTi). The company plans to invest ?100 billion in renewable energy projects, targeting a capacity of 1GW and 376 MW from Waste Heat Recovery Systems (WHRS). This initiative is expected to enable 60% of its expanded capacity to run on green power by FY2028. Ambuja Cements has already utilized over 8.6 million tonnes of waste-derived resources and achieved a status of 11x water-positive and 8x plastic-negative in FY24. Karan Adani, Non-Executive Director of Ambuja Cements, stated, “This marks a significant step in our sustainability journey. We are among the lowest emission-intensity cement producers globally and are implementing strategic initiatives to further reduce our GHG emissions. Joining AFID will allow us to leverage the experiences of industry peers and share our decarbonization approach.” The AFID aims to foster dialogue and enhance cooperation among companies to develop effective decarbonization strategies aligned with national commitments. The International Renewable Energy Agency (IRENA) oversees the alliance's activities.

Next Story
Infrastructure Energy

Gujarat Powers Ahead with Solar Energy

Gujarat is emerging as a leader in India’s solar energy sector, with an installed capacity of 14.7 GW, making it the second-highest solar capacity state in the country. The state's total renewable energy capacity stands at 27.8 GW, and ambitious plans aim to add 31.9 GW of solar-wind hybrid projects. These details were shared by Arun Mahesh Babu, Managing Director of Uttar Gujarat Vij Company Limited (UGVCL) and Gujarat Power Corporation Limited (GPCL). Babu highlighted Gujarat’s solar and wind energy projects, which are instrumental in helping India meet its national target of 500 GW of ..

Next Story
Infrastructure Energy

UK Shuts Last Coal Plant as India Maintains Coal in Energy Mix

As the UK officially closed its last coal power plant signaling its exit from coal-based energy, policy experts in India emphasized that coal will remain part of India's energy mix for the foreseeable future. While developed nations like the UK are moving towards coal-free energy systems by 2040, India faces unique challenges as a developing country with substantial energy demands. The UK's closure of its last coal plant marks a significant moment in energy history, as the country had been one of the pioneers of coal power since 1882. According to global energy think tank Ember, more than a th..

Next Story
Infrastructure Urban

NCLAT Clears Supertech to Resume Work on Doon Square in Dehradun

The National Company Law Appellate Tribunal (NCLAT) has granted approval for Supertech to resume construction of its Doon Square project in Dehradun. This decision follows the submission by Supertech that the lender, co-developer, and homebuyers had all accepted its proposal to complete the stalled project. The approval paves the way for the project’s completion within 515 days, or just over one year and four months. Out of the 750 planned units, only 150 studio apartments have been delivered, with the remaining awaiting completion. Supertech’s proposal, submitted to NCLAT, was accepted by..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000